Income statements | How to prepare a Trading account | Cost of goods sold section | CSEC PoA

This video shows how to prepare the trading section of the income statement.
I break this down step by step instead of giving you a full, complete format to memorize all at once.
Hopefully this helps you understand this section better so you'll be able to ace this part of any question :-)
For full past paper solutions please like and follow our Facebook page.
For past paper question papers please visit cxc-store.com/
Follow us on Instagram for tips, motivation, jokes, and updates.
If you have any questions please feel free to let me know.
Chris ^_^

[@sheneikabrown2113]

for the less closing stock its not 1500 its 5000

[@adapttuition]

Yes! You are correct. At the 35:32 time point I entered the amount for returns inwards ($1,500) instead of the amount for closing stock ($5,000). Thanks for spotting that :) Which means cost of goods sold should have been $32,000 and gross profit should have been $14,500.

[@daborabdulai8768]

Yes Sir

[@adapttuition]

Thanks 👍🏽😊

[@abdulrahmanceesay175]

@@adapttuition then the gross profit will be 9000

[@ednaafolabi5800]

YOU ARE THE BEST ACCOUTING TEACHER SO FAR

[@adapttuition]

Edna Afolabi 😊 thanks very much. Where are you from and when are you doing PoA?

[@paulmogaka]

i was almost giving up on my accounting classes because of trading accounts...searched all over you tube until i came across this tutorial..i want to thank you so much for making this available to us. you have pushed me one more step forward and i really appreciate it so much...please make more of such available, i wish you were my lecturer. thank you again for this lesson.

[@adapttuition]

Hey, Paul :) So very happy to hear that you benefitted from the video! There are more videos on my channel that you can look at. Thanks for your kind words, and keep up the good work!

[@claudiavickers1299]

Real

[@SeanB-wi5yh]

You're so much better than my actual accounting teacher

[@adapttuition]

Thanks very much. 😊 I’m sure your teacher is trying his/her best given the Covid-19 situation. But keep up the good work on your end with the revision. You can do it, I believe in you!

[@SeanB-wi5yh]

@@adapttuition I'm pretty crap at accounting but i watched your videos right before i had an exam afew days ago

[@adapttuition]

@@SeanB-wi5yh hey, we all start somewhere 😄 But be kind to yourself when you are learning. Mistakes are a normal and necessary part of the process and struggle is also very important for growth. Keep at it, I know you can do it 😊

[@minipancakes5006]

Sir ngl, your a blessing to my accounting school life😭

[@adapttuition]

Always happy to help, Faith 😊 Keep up the good work.

[@shernettshaw1130]

I really appreciate how he broke down the trading account .i got a clearer understanding

[@adapttuition]

Happy to hear that you understood better :) Thanks for watching!

[@adenikegreigg]

This is an amazing video. I really understood the explanations. I would gladly watch 40 mins or more because it's honestly fun to watch. The examples are interesting and personality is added to the videos. Thumbs up for sure!

[@adapttuition]

Thank you very much for your kind comment! It means a lot. Super happy to hear that your understood everything :) Hope you are doing well!

[@thek4lqueen]

Sir OMG I wish I learned it like this originally, it would have saved me a lot from memorizing smth that I truly didn't understand. God bless you sir thank you so much this is truly revolutionary

[@adapttuition]

Happy to hear that you understood it better this time ❤️ And, yes, when I first learned it when I was in form 4 I was lost as well. It took a long time for it to make sense to me. So I had to share what I learned with others for it to make sense more quickly to them as well.

[@selenasellman2887]

Really great explanations and i love the acronym , surely going to remember the formula better now . This video cleared up all my confusions on trading account and i just want to say thank you for being so patient and co-operative in all of your videos , also wanted to mention that you mixed up the figures for closing stock with the returns inwards figure but no criticism , you're actually one of the best P.O.A teachers I've came across apart from mine and i enjoy your videos . I love your great work

[@adapttuition]

I really appreciate that Selena :) Happy that you learned a lot!

[@missanonymousme9734]

man. it was worth watching to the END of this video. 4 weeks before mock exam and I am Praying.

[@adapttuition]

Glad to know you found the video helpful! Wishing you the best of luck 😊

[@missanonymousme9734]

@@adapttuition thank you

[@adapttuition]

Happy to help :)

[@manzuralam8444]

Your teaching benefit me. Your accent reminds me of great cricketer Michal Holding.

[@adapttuition]

I appreciate that :) Thanks very much. Where are you from?

[@kunashemunemo5458]

I wish you were my lecturer because just watching this I understand it just like that ..,.u explain it very well

[@adapttuition]

Happy to hear that you understand it so easily :) Thanks for watching!

[@shaniaramnath6032]

Before this video i was so clueless on how to do an income statement..this really helped me understand how to do it

[@adapttuition]

Hi Sally 😊 Super happy to hear that you understand how to do income statements now 😊 They used to give me a lot of trouble too so I really wanted to help others understand them. And it seems to be working 😁 Keep up the good work 💪🏽🧠

[@michsookdai9606]

As a new accounts teacher i needed this, thank you for these videos, helping me, help the students🙌🙌

[@adapttuition]

Hey 😊 welcome to teaching! Hope you have a great time.

[@youngmaestro7684]

very explanatory video there sir 😇, thanks a lot, you real save our days out here 😂

[@adapttuition]

Happy to know you found the content helpful 😊

[@naveeshseetal]

I literally got a clear understanding after watching this once

[@adapttuition]

Happy to hear that! Keep up the good work!

[@nasheciaanderson6142]

Same I finally understand after 2 years

[@adapttuition]

Happy to hear that!

[@salenabhopaul9262]

I would like to thank you for taking your time to film this video and also for sharing your knowledge to us students. It helped me a lot for my exams and you've taught me more than my teacher did for a school term.

[@adapttuition]

Hi @salenabhopaul9262 Super happy to hear that you found the content helpful! And, yeh, I like sharing knowledge to help others grow, especially in PoA. It seems there's an epidemic of students not understanding how teachers teach in their schools. But, thankfully you guys have the internet and can find great content to help you learn :) Keep up the good work!

[@aisha4676]

i love this. at first i understood nothing but look at me now confident for my exams!! thanks to you..

[@adapttuition]

That's great! Happy to hear you feel more confident. Wishing you all the best :)

[@zionlambert8510]

THANK YOUUUUUUUUU!!! This brought tears to my eyes and you gave me a much better understanding....off to practice nowwww

[@adapttuition]

Happy to hear that you understood the trading account better :-) Keep up the good work!

[@humanity.savedd]

Can you do limited and cooperative companies plsss before exams 😭

[@adapttuition]

kiomi thomas hi 😊 I’m trying to do quite a few videos. I will see what I can do.

[@humanity.savedd]

Ok thanks 🙏🏾

[@shakirajames5617]

this will be very helpful

[@wisdomandquotes2284]

You are the best Accounting Teacher on Earth 🌎... Thanks so much

[@adapttuition]

Wow, thank you! That's very kind of you to say!

[@angelstarfire]

10:44 Now I understand why you minus closing stock, thanks for the video!

[@adapttuition]

Happy to help! Glad you found the content helpful 😊 Keep up the good work!

[@cybergiana]

thank you so much, i am no longer confused with what i am doing, i am now aware of what each thing means.

[@adapttuition]

Wonderful! Super happy to hear that Giaa! Keep up the good work :)

[@sonyasanchez5138]

Oh my gosh sir. This video is sooo underrated. Thank you so much. I understand now and now I just have to remember it lol. I have an exam in a few days, wish me luck!

[@adapttuition]

Hi Sonya 😊 thanks very much for your kind words. Happy to hear that you understand 😁. Understanding and practice is key for remembering. Best of luck! And let me know how your exam goes 😊

[@mysticlion2057]

A very useful video. Your method of partitioning the big story into pieces is really effective. Thank you from Sri Lanka .

[@adapttuition]

You’re very welcome 😊 Happy to hear you found the video helpful! Keep up the good work 💪🏽🧠

[@serenapatterson109]

Thank you so much for making this video and sharing your knowledge because i was sooo confused with what is what in the trading profit and loss account i even started crying haha but then i came across your video and you made every single thing so clear and easy and it's also easier to remember the formula this really helped me out TYSM!!!

[@adapttuition]

Happy to help 😊 I’m actually doing this same topic with my class for this month.

[@chantalwalch9235]

I wish my teacher that I pay to teach me at the university would make these topics this clear. Thank you so much.

[@adapttuition]

Happy to hear that you found the videos helpful 😊

[@KUMANGRAHAM]

This vidoe really help me for my final accouting exam. Thank you soo much 🙏

[@adapttuition]

You’re very welcome 😊 Keep up the great work 💪🏽🧠 And thanks for watching 👍🏽❤️

[@ashtonburnett5667]

Thank youu soo muchh!!!!!!! I'm just brushing through all of these topics. My exam is tomorrow 😫

[@adapttuition]

Happy to help! And good luck!

[@zeelife7643]

No lies,I got to learn some format I can use to paste the items in their respective place

[@adapttuition]

Happy to hear that! Keep up the good work 💪🏽🧠

[@nixolmaoo]

I have my POA mock test tmr and cxc in two months, this video was very helpful thanks💯

[@adapttuition]

Glad it helped! Wishing you all the best! You got this!

[@andrewblake2977]

This is actually fun to watch ☻♣♥

[@adapttuition]

Andrew Blake was thanks very much 😊

[@Ddaniel.B]

woah- I actually understand. Didnt think this was possible. Thanks sir👍

[@adapttuition]

Happy to hear you understand it, Daniel! 😁 Keep up the great work 💪🏽🧠

[@shaniquereid588]

Thank you very much I now understand how to do an income statement

[@adapttuition]

Super happy to hear that!

[@zenoraalexander9218]

Cmon let this channel blow up let's goooooo fam💓 THIS SIR IS SO SWEEET

[@adapttuition]

Really happy you are enjoying the videos :) Thanks very much for the enthusiasm!

[@shaniahmootilal4.5]

😭I’m writing cxc next year …and poa exam is in may😭😭and I don’t really have hope of passing But this vid explained so well I will continue to view your content….it helps a lot!!! 😊

[@adapttuition]

Hey Shaniah 😊 You can do it! The videos cover most of the syllabus, and there are 16 years worth of past paper questions/solutions. Take one thing at a time, set your plan and stay consistent. You got this, girl! 💪🏽🧠 😊❤️

[@shaniahmootilal4.5]

Thank you sir!😅 I know I got this I will watch your videos 😊

[@adapttuition]

Excellent! Give it your best shot ❤️

[@abigailwatson9578]

Thank you so much❤❤I learned this in couple minutes , I was always confuse but I finally understand.

[@adapttuition]

Happy to hear that you found the content helpful 😊 Thanks for watching 👍🏽

[@jamaicanqueen2133]

appreciate it, sending over a few colleagues

[@adapttuition]

Much appreciated 😊

[@kylemohamed5121]

I just want to say this really help me out a lot more thanks sir

[@adapttuition]

Happy to help! Best of luck to you!

[@aliyadiprose9280]

please keep teaching and send videos, you are great at explaining things

[@adapttuition]

Thanks for your kind words 😊 I’ll keep making them as time allows. Keep up the good work 😊

[@Kman6]

I got a poa test TMR🙁this really helped thanks alot

[@adapttuition]

Happy to hear you found the content helpful! Thanks for watching 😊 Keep up the good work! 💪🏽

[@nivennketani5332]

Liked Cost of Goods Sold explanation. Got it now imagine! Great!

[@adapttuition]

Glad it helped! Keep up the good work :)

[@mercymkambe2676]

thank you so much.......this video made income state (profit or loss statement) so easy😍😄😄😄

[@adapttuition]

You’re very welcome! Happy to hear you found the content helpful 😀 Keep up the good work! I believe in you 💪🏽🧠

[@shenell4789]

Thank you sir! This is a very helpful video.

[@adapttuition]

You’re very welcome 😊 Glad you found it helpful. Be sure to check out the other videos as well 😄

[@lancekoylass9206]

Thankfull for people like you 🙏🏽

[@adapttuition]

Happy to help 😊 Wishing you all the best

[@lydiaeric742]

Really like your way of teaching....really helping in a way....all the way from Kenya BIG UP

[@adapttuition]

Wow! Thanks for watching :) Wishing you all the best :D

[@lydiaeric742]

@@adapttuition what of ICT? Could really be interesting being taught by you. Kindly consider

[@theafricanliberationagency4652]

Thanks for this video, I finally have it...

[@adapttuition]

Happy to hear that 😊 Best wishes 💪🏽🧠

[@stephaniedhanpaul2845]

You made this so much easier for me. Thank you!!!

[@adapttuition]

I'm so glad! Thanks for watching 🙂 Keep up the good work! I believe in you 😊

[@stephaniedhanpaul2845]

@@adapttuition thank you!😊

[@adapttuition]

Happy to help!

[@ClementinaO]

You have really assisted with your explanations. Thanks

[@adapttuition]

Happy to help. Glad to know you are finding the material helpful. Keep up the good work 😊

[@laticianurse-tyndale5882]

Sir can you do Bank reconciliation statement and correction of errors??

[@adapttuition]

PapaDale Productions will see what I can do. I am supposed to do both of those with my class tomorrow. Will try to get a live up and running. Turn on notifications for my channel so you’ll know if I do.

[@kelsea2920]

Thank you soo much sir!!! You explained this really good and I now understand😁 I’ll remember SRIOS P CIROCS for exams🤣

[@adapttuition]

Happy to hear that 😊 Wishing you the best of luck!

[@ellenmunemo4000]

Thank you helped my business 👍

[@adapttuition]

Glad I could help, Ellen :) Best of luck to you!

[@thee-content-creator]

I really appreciate your videos.

[@adapttuition]

Glad you like them! If you have any questions please feel free to let me know :)

[@alfonsosimkonda8311]

This has been very helpful

[@adapttuition]

Happy to hear that Alfonso! Thanks for watching 😊 Keep up the good work 💪🏽🧠

[@rhahilpaul469]

teacher adap people are skipping through your video

[@adapttuition]

Ok cool thanks for letting me know 😊

[@lokovalentine7749]

Depreciation is to be provided on pro rata basis as follows !) Assets rate per annum What's the formula to this

[@adapttuition]

Hi, I think that there is some information missing from the question as presented here. Also, please send stuff like this to me on Instagram or to my email (which I have already provided you)

[@LazarousBanda-xq4xv]

You're the best

[@shantoyashaw2697]

Can't believe he got that acronym from a story like that lol

[@adapttuition]

We find inspiration in the most unusual places sometimes

[@user-zz4ji4kb9l]

Makes learning fun..lrdamercy lol❤️ great teacher

[@adapttuition]

Thanks for watching! Wishing you all the best :)

[@vnarine8864]

I lovee you🥺thank youuuu!!!somuchh

[@adapttuition]

Much love to you too! :)

[@theafricanliberationagency4652]

There was a mistake in entering the cost of goods at hand but thankfully it’s corrected

[@adapttuition]

Hi 😊 thanks for letting me know, I appreciate it. If you put a time (like 01:23) I can click on it and see what the error is. Thanks.

[@theafricanliberationagency4652]

@adapttuition tomorrow at 8am I have an exam, this concept was bothering me but now am sure I will smash it... If you have done any video about Vance reconciliation kindly share the link 🙏🏽 God bless you sir

[@adapttuition]

Bank recs (2020) kzbin.info/aero/PL9u_QIMhElluHRMqkW2kztCZfNZYVlYq1 Check this playlist Re bank reconciliation statements

[@blehblehbleh4704]

I take it that if the company made deliveries has well it would be: Sales revenue add: carriage outwards Less: return inwards Net sales Because they made money from delivery? Or is it added somewhere else?

[@adapttuition]

Carriage outwards is the cost of paying to have goods delivered to customers.

[@adapttuition]

But I understand why you would think that it's the customers who pay for delivery. We pay delivery charges on everything from food to letters to clothes to anything from Amazon or any other online vendor. But in the CSEC context, carriage outwards is an expense and it is included in the expense section of the income statement.

[@kangandiedwardkangandi508]

clear and helpful, thank you.

[@adapttuition]

Glad it was helpful! 😊 Thanks for watching!

[@alexsamuels2527]

Well explained I really understand this topic better 👍

[@adapttuition]

Glad it was helpful! Stay safe :)

[@trini_badmusic1198]

Can u help me i am such a good student in poa but i have fallen back and i have exams jus now u are such a great teacher

[@adapttuition]

Hi :) We all fall back sometimes, that's part of life. Getting "back on" can be difficult at first but it's actually a very necessary part of the journey. Don't be afraid of making mistakes or having things not always go according to plan (they rarely ever do :D) Keep moving forward, no matter how slowly. Keep moving forward. You are more than welcome to use the videos on my channel to help you prepare for your exams. A lot of people find them helpful and I'm sure you will too :) And, of course, feel free to ask any questions you need to and I'll get back to you when I can. Wishing you all the best :D

[@trini_badmusic1198]

Thank so much😁

[@adapttuition]

Happy to help, Sharlene 😊

[@kristt2001]

Great video. Thanks for this explanation.

[@adapttuition]

Glad it was helpful! Thanks for watching :)

[@nicholinagreene5714]

Thanks soo much really enjoying your Tutorials

[@adapttuition]

Glad you like them! Thank you for watching :) Wishing you all the best!

[@jadaskingdom2884]

Really helpful Thanks

[@adapttuition]

Happy you found the content helpful 😊

[@kimberlymukamba7482]

if there are drawings are they subtracted on the trading account under less costs of goods sold?

[@adapttuition]

Hi Kimberly, drawings is not an expense and as such does not go in the income statement. It is included in the balance sheet as a deduction from the capital balance. Maybe take a look at this Balance Sheet playlist kzbin.info/aero/PL9u_QIMhEllv09b3EnxcupBc8WjjFvuGb Hope that helps.

[@masoodahmed6579]

Very Nice

[@adapttuition]

Thanks :)

[@puritymuiruri5843]

hi and thanks you've made it clearer for me i appreciate

[@adapttuition]

My pleasure! Thanks for watching. Wishing you all the best 😊

[@deondavis697]

This was really helpful, thank you so much

[@adapttuition]

Happy to help! Glad you found the content helpful 😊 Keep up the good work 💪🏽🧠

[@shellylakhan148]

can you do some multiple choice

[@adapttuition]

Sorry, I don't know how I didn't see this comment earlier. I'll be organizing that for the 2020 class. Hope you're doing well :)

[@shanii9017]

I really appreciate your explanation...but I was given a question to find the cost of goods sold,insurance expenses and miscellaneous expenses and was told to prepare income statement without no purchases or carriage inward price which I could find the answers for but he wants it in a table.🤷‍♀️ what do I put and where?

[@adapttuition]

That’s an interesting one. If possible send me a pic of the question via email and I’ll have a look. [e-mail]

[@lawrencelana6277]

Please with the 35 minutes and 25 seconds onwards the closing stock in stead of 5000 u wrote 1500 in answering the question but didn't explain can u explain to me,u are a good tutor

[@adapttuition]

Hi Lawrence, That was an error on my part. I used the returns inwards figure in error. This means that the cost of goods sold was supposed to be $32,000, and therefore the gross profit was supposed to be $14,000 Hope that helps.

[@lawrencelana6277]

Keep your good works up

[@adapttuition]

Thanks 🙏🏽

[@shanniahcooper2890]

Thanks for this video it really helped. So does this mean if there is a Net Loss cogs would be more than net sales?

[@adapttuition]

Hi! That is very correct. If COGS is greater than net sales then there will definitely be a gross loss. And, unless there some significant source of other revenue that will not only offset the gross loss and cover expenses then it is almost certain that there will be a net loss too. This was a god question. Thanks for asking it 😊

[@shanniahcooper2890]

@@adapttuition Thank you!!

[@adapttuition]

You’re very welcome! Happy to help 😊

[@akielahamilton1234]

hi sir I'm not really good with 3 columns can I just use two??

[@adapttuition]

Of course :-)

[@seritaseeram7122]

Can you do poa multiple choice ?

[@adapttuition]

I have solutions for 2019-2008 up on Facebook and Instagram. Will be doing up the videos during this week.

[@comarcampbell365]

Can you make a video on how to solve trading profit and loss account and balance sheet please🙏 ?

[@adapttuition]

Hi 😊 I have an income statement (trading and profit and loss) playlist and a balance sheet playlist already uploaded, and several videos of me solving past paper questions on both of those topics. You should be able to find them in the playlists section.

[@comarcampbell365]

@@adapttuition alright thank you👋

[@adapttuition]

Hope you were able to find them.

[@angelbornin6564]

Sir is their a video for the profit and loss account

[@adapttuition]

There's a whole playlist 😊 kzbin.info/aero/PL9u_QIMhEllu1e3xIC7yHMnSv83tIeFYE

[@margaretotianga894]

where do we include investment income in the income statement?

[@adapttuition]

Hi, we can add that to gross profit before we deduct expenses.

[@mediatricemukamurigo6613]

Much respect to you 👍

[@adapttuition]

Thanks very much :) Wishing you all the best!

[@lokovalentine7749]

A motor vehicle was sold on credit on 31 December 2018 for sh.458,000. The motor vehicle had been bought on 1 June 2017 for sh. 1,000,000 the sale had not been recorded to the ledger. Calculation and how do you place it in income statement

[@adapttuition]

Hi, please send questions like these to me either on instagram (@adapttuition) or actually on email. I think you already did send this one though.

[@lokovalentine7749]

@@adapttuition I did ... would you do for me that please

[@susanaakonor2564]

Thank you.

[@adapttuition]

You're welcome! Glad you are finding the content helpful :) Keep up the good work!

[@andrewblake2977]

Can you do a advance trial balance question please before exams ......... like the one on the 2018 June paper

[@adapttuition]

Not sure if I can get that out to you. But the solution for that is on my Facebook page. If you want it check it out please feel free 😊

[@gloriabanda5290]

Thanks a lot

[@adapttuition]

Happy to help :)

[@acomoyearwood2716]

Do u have to do trading accounts to prepare income statements? Or u could start with income statement for the year ended whenever?

[@adapttuition]

It depends on the question but usually if it's a trading entity (one that buys goods to resell) we need to start with the revenue earned and the cost of sales. Formats differ so the one you are talking about may very well be possible

[@acomoyearwood2716]

A Different Approach Tuition Limited Alright thanks bro 💪🏾

[@Yk_Black]

So trading account is just a simplified income statement?

[@adapttuition]

It the “top half” of it

[@Yk_Black]

@@adapttuition Thanks loads for your help with these videos i have my csec exams in two days

[@adapttuition]

Happy to help!

[@melyndasingh1062]

Thank you :)

[@adapttuition]

You're welcome, Melynda! Keep up the good work 💪🏾🧠

[@darrianb7224]

Hey sir do you have a video on how to do the full income statement?

[@adapttuition]

Yes I do. I have a whole playlist 😊 It’s on my channel Check it out 😎

[@brit7627]

i cant thank you enough omggg

[@adapttuition]

Happy to help. Glad you found the video helpful :) Keep up the good work!

[@chordonhaye5631]

Thanks sir ✌️

[@adapttuition]

Happy to help!

[@amandamukandiwa7626]

Do you also teach AS and A level accounting?

[@adapttuition]

Hi Amanda, I do teach A level but it’s Caribbean A levels known as CAPE. I myself did Cambridge A level Accounting but that was 23 years ago 😅

[@lilswag785]

36:31 the less closing stock how is it 1500 and not 5000

[@adapttuition]

Yeh, that was an error. Sorry about that

[@JoshASmall]

When are you doing more paper 2's?

[@adapttuition]

Will try to schedule those. Have a list of other topics that I'm working on. But I posted all of the solutions on my facebook page - fb.me/adapttuition.com Look in the albums section

[@joelomoniyi]

Pls sir, why are will go to less both the returns outward and returns inward. Thanks sir

[@adapttuition]

Hi Joel 😊 We subtract returns inwards from sales because when customers return goods that decreases the revenue previously earned. Similarly for returns outwards, we subtract that from purchases because when we return goods we no longer have to pay for them, so we sort of decrease the expense of purchases and as such we subtract it. Hoping that helps you to understand a bit better, Joel 😊

[@joelomoniyi]

Yes sir thanks

[@fearorfearnot]

yk how long i wah a doubles, sir you sponsoring owah? but on the side note, thank you for your help. I have mock exams Monday and the first paper is POA lol ps: i want slight pepper in my doubles

[@adapttuition]

😂 alright, Samantha, let me know how you do in mock and we'll arrange for you to get doubles And, you're very welcome for the help, it's my pleasure to be of assistance. Wishing you the best of luck! And btw, ... slight? Wham tuh heavy or roast pepper?

[@fearorfearnot]

@@adapttuition ise not a heavy pepper kinda person...i fraid that, i doh wah my backside start to burn 🤣

[@adapttuition]

🤣 I hear yah Better safe than sorry Slight it is!

[@sue846]

hello can you please upload the video on fixed asset account on depreciation, provision for depreciation account and assets disposal account please and soonest i finds your explanation so easy to understand. you will have helped me. on doing some revision questions on the same

[@adapttuition]

Hi! Thanks for your comment, I appreciate it! I’m very happy you are finding the information helpful. I have wanted to make a video on this topic for a long time. The only problem is right now my time is more limited with the COVID-19 situation so I haven’t been able to make anything 🙁 I will try though but it might take me a couple weeks. Thanks for understanding.

[@sue846]

@@adapttuition i wish you could try. i have tried to search a video on the same and cannot get it in you tube. the ones am getting have been done in Hindi and can't understand the language

[@adapttuition]

I hear yah. Maybe I will try to do short form videos That way I might be able to do one a week but it’ll take 4-6 weeks to cover all of the info

[@temosomakhafola7412]

Could you please do a video on balanced sheet

[@adapttuition]

Hi, I am actually going to be creating that playlist over the next few weeks.

[@chewpickcheng8323]

5. closing stock was $5,000

[@adapttuition]

Thanks 😊 I think there was a comment a bit earlier that pointed that out. Thanks for watching 😊